The victory for Rithm, which began as a firm investing in mortgage-servicing rights, makes it a big player in money management now that it has Sculptor's $32.8 billion of assets.

The agreement includes funds for small-business lending and mortgages for low- and moderate-income borrowers in California and Massachusetts. It puts an end to questions about the fate of an $11.2 billion plan that Silicon Valley Bank inked before it failed in March.

The pact comes as dual court hearings scheduled in New York and Delaware Tuesday threatened to derail the Nov. 16 shareholder vote that would green light the $12.70 per share deal.

The decision removes any possibility that the Chicago-based firm would recapitalize or peddle Republic Mortgage Insurance to an outside entity.

The newly merged ICE Mortgage Technology entered into agreements with two companies this week to facilitate closings and income verification.

Rithm Capital Corp.'s plan to acquire Sculptor Capital Management hit another hurdle Wednesday when four former executives sued the hedge fund firm, alleging the transaction would wipe out more than $127 million of shares they own.

Close to 100 employees including the co-founders of Follow Up Boss will transition to the acquiring company.

The acquisition of the mortgage servicer has costs, but it'll give the company offsetting efficiencies of scale, executives said in an earnings call Tuesday.

The support of Och potentially puts an end to a bidding war that pitted Sculptor against hedge fund founder Boaz Weinstein and a group of billionaires, who most recently said they would pay $13.50 for the embattled hedge fund firm.

The company posted third-quarter profits of $194 million but gave no details about a potential split of its mortgage business.